Golden Net Receivables vs Net Working Capital Analysis

GDEN Stock

USD 33.74 0.48 1.44%

Golden Entertainment financial indicator trend analysis is much more than just examining Golden Entertainment latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Golden Entertainment is a good investment. Please check the relationship between Golden Entertainment Net Receivables and its Net Working Capital accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Golden Stock, please use our How to Invest in Golden Entertainment guide.

Net Receivables vs Net Working Capital

Net Receivables vs Net Working Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Golden Entertainment Net Receivables account and Net Working Capital. At this time, the significance of the direction appears to have very week relationship.

The correlation between Golden Entertainment's Net Receivables and Net Working Capital is 0.27. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Working Capital in the same time period over historical financial statements of Golden Entertainment, assuming nothing else is changed. The correlation between historical values of Golden Entertainment's Net Receivables and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Golden Entertainment are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Receivables i.e., Golden Entertainment's Net Receivables and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.27

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Net Receivables

Net Working Capital

Most indicators from Golden Entertainment's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Golden Entertainment current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Golden Stock, please use our How to Invest in Golden Entertainment guide.At this time, Golden Entertainment's Selling General Administrative is very stable compared to the past year. As of the 29th of November 2024, Tax Provision is likely to grow to about 84.5 M, while Issuance Of Capital Stock is likely to drop 6,650.

	2021	2022	2023	2024 (projected)
Gross Profit	513.2M	504.5M	475.5M	499.3M
Total Revenue	1.1B	1.1B	1.1B	1.1B

Gross Profit Total Revenue

Golden Entertainment fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Intangible Assets	Common Stock	Accounts Payable	Other Assets	Long Term Debt
Total Assets		0.93	0.61	0.92	0.74	0.99	0.96	-0.22	0.85	0.99	0.0	0.78	0.64	0.17	0.89	0.97	0.43	0.87	0.99	0.97	0.71	0.77	0.29	0.94	0.15	0.94
Short Long Term Debt Total	0.93		0.33	0.74	0.46	0.96	0.98	-0.52	0.71	0.96	0.01	0.64	0.62	0.17	0.91	0.98	0.1	0.91	0.97	0.86	0.43	0.8	0.31	0.9	0.25	0.99
Other Current Liab	0.61	0.33		0.78	0.88	0.55	0.41	0.55	0.6	0.52	0.15	0.55	0.45	-0.06	0.37	0.45	0.83	0.35	0.49	0.63	0.84	0.28	-0.08	0.52	-0.07	0.37
Total Current Liabilities	0.92	0.74	0.78		0.88	0.89	0.8	0.07	0.88	0.86	0.03	0.82	0.63	0.12	0.79	0.82	0.72	0.7	0.86	0.96	0.9	0.54	0.2	0.82	0.13	0.75
Total Stockholder Equity	0.74	0.46	0.88	0.88		0.66	0.52	0.46	0.79	0.65	-0.03	0.74	0.47	0.17	0.61	0.57	0.85	0.56	0.61	0.8	0.94	0.44	0.2	0.68	-0.2	0.5
Property Plant And Equipment Net	0.99	0.96	0.55	0.89	0.66		0.98	-0.32	0.82	1.0	-0.01	0.75	0.62	0.17	0.89	0.99	0.35	0.87	1.0	0.95	0.64	0.77	0.3	0.93	0.2	0.96
Net Debt	0.96	0.98	0.41	0.8	0.52	0.98		-0.47	0.73	0.99	-0.01	0.66	0.6	0.15	0.88	1.0	0.18	0.88	0.99	0.89	0.5	0.81	0.3	0.93	0.26	0.99
Retained Earnings	-0.22	-0.52	0.55	0.07	0.46	-0.32	-0.47		0.03	-0.34	0.19	0.03	0.01	-0.18	-0.32	-0.42	0.62	-0.36	-0.38	-0.12	0.41	-0.36	-0.3	-0.25	-0.44	-0.47
Cash	0.85	0.71	0.6	0.88	0.79	0.82	0.73	0.03		0.8	0.06	0.96	0.64	0.15	0.79	0.78	0.56	0.69	0.8	0.92	0.84	0.5	0.24	0.73	0.0	0.72
Non Current Assets Total	0.99	0.96	0.52	0.86	0.65	1.0	0.99	-0.34	0.8		0.0	0.72	0.63	0.16	0.9	0.99	0.3	0.9	1.0	0.93	0.6	0.82	0.3	0.95	0.18	0.98
Non Currrent Assets Other	0.0	0.01	0.15	0.03	-0.03	-0.01	-0.01	0.19	0.06	0.0		-0.04	0.71	-0.84	-0.09	0.0	-0.04	-0.13	0.0	0.0	0.0	-0.04	-0.81	-0.01	0.38	0.01
Cash And Short Term Investments	0.78	0.64	0.55	0.82	0.74	0.75	0.66	0.03	0.96	0.72	-0.04		0.51	0.2	0.72	0.71	0.54	0.62	0.73	0.87	0.84	0.39	0.28	0.64	-0.08	0.65
Net Receivables	0.64	0.62	0.45	0.63	0.47	0.62	0.6	0.01	0.64	0.63	0.71	0.51		-0.46	0.6	0.62	0.25	0.5	0.63	0.65	0.47	0.45	-0.37	0.59	0.32	0.62
Common Stock Total Equity	0.17	0.17	-0.06	0.12	0.17	0.17	0.15	-0.18	0.15	0.16	-0.84	0.2	-0.46		0.27	0.15	0.13	0.31	0.15	0.18	0.14	0.12	0.96	0.15	-0.29	0.16
Common Stock Shares Outstanding	0.89	0.91	0.37	0.79	0.61	0.89	0.88	-0.32	0.79	0.9	-0.09	0.72	0.6	0.27		0.89	0.27	0.95	0.89	0.87	0.57	0.76	0.39	0.89	0.06	0.9
Non Current Liabilities Total	0.97	0.98	0.45	0.82	0.57	0.99	1.0	-0.42	0.78	0.99	0.0	0.71	0.62	0.15	0.89		0.23	0.89	1.0	0.91	0.54	0.81	0.3	0.93	0.23	0.99
Other Current Assets	0.43	0.1	0.83	0.72	0.85	0.35	0.18	0.62	0.56	0.3	-0.04	0.54	0.25	0.13	0.27	0.23		0.17	0.29	0.55	0.91	-0.03	0.07	0.29	-0.03	0.12
Other Stockholder Equity	0.87	0.91	0.35	0.7	0.56	0.87	0.88	-0.36	0.69	0.9	-0.13	0.62	0.5	0.31	0.95	0.89	0.17		0.88	0.8	0.46	0.86	0.44	0.92	0.04	0.93
Total Liab	0.99	0.97	0.49	0.86	0.61	1.0	0.99	-0.38	0.8	1.0	0.0	0.73	0.63	0.15	0.89	1.0	0.29	0.88		0.93	0.59	0.79	0.29	0.94	0.23	0.98
Property Plant And Equipment Gross	0.97	0.86	0.63	0.96	0.8	0.95	0.89	-0.12	0.92	0.93	0.0	0.87	0.65	0.18	0.87	0.91	0.55	0.8	0.93		0.82	0.62	0.28	0.87	0.11	0.86
Total Current Assets	0.71	0.43	0.84	0.9	0.94	0.64	0.5	0.41	0.84	0.6	0.0	0.84	0.47	0.14	0.57	0.54	0.91	0.46	0.59	0.82		0.24	0.15	0.57	-0.05	0.45
Intangible Assets	0.77	0.8	0.28	0.54	0.44	0.77	0.81	-0.36	0.5	0.82	-0.04	0.39	0.45	0.12	0.76	0.81	-0.03	0.86	0.79	0.62	0.24		0.31	0.87	0.01	0.84
Common Stock	0.29	0.31	-0.08	0.2	0.2	0.3	0.3	-0.3	0.24	0.3	-0.81	0.28	-0.37	0.96	0.39	0.3	0.07	0.44	0.29	0.28	0.15	0.31		0.3	-0.28	0.3
Accounts Payable	0.94	0.9	0.52	0.82	0.68	0.93	0.93	-0.25	0.73	0.95	-0.01	0.64	0.59	0.15	0.89	0.93	0.29	0.92	0.94	0.87	0.57	0.87	0.3		0.03	0.92
Other Assets	0.15	0.25	-0.07	0.13	-0.2	0.2	0.26	-0.44	0.0	0.18	0.38	-0.08	0.32	-0.29	0.06	0.23	-0.03	0.04	0.23	0.11	-0.05	0.01	-0.28	0.03		0.22
Long Term Debt	0.94	0.99	0.37	0.75	0.5	0.96	0.99	-0.47	0.72	0.98	0.01	0.65	0.62	0.16	0.9	0.99	0.12	0.93	0.98	0.86	0.45	0.84	0.3	0.92	0.22

Click cells to compare fundamentals

Golden Entertainment Account Relationship Matchups

Golden Entertainment fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	1.7B	1.6B	1.6B	1.5B	1.5B	1.5B
Short Long Term Debt Total	1.4B	1.3B	1.2B	1.1B	758.2M	392.5M
Other Current Liab	47.9M	9.8M	17.5M	13.3M	81.5M	85.6M
Total Current Liabilities	132.8M	118.7M	127.0M	132.7M	174.4M	183.1M
Total Stockholder Equity	289.7M	161.3M	319.5M	352.9M	537.7M	564.6M
Property Plant And Equipment Net	1.3B	1.2B	1.1B	988.6M	865.5M	908.8M
Net Debt	1.2B	1.2B	986.2M	928.3M	600.6M	630.7M
Retained Earnings	(172.2M)	(309.7M)	(158.6M)	(127.4M)	61.5M	64.5M
Cash	111.7M	103.6M	220.5M	136.9M	157.6M	165.4M
Non Current Assets Total	1.6B	1.4B	1.4B	1.3B	1.0B	1.1B
Non Currrent Assets Other	10.9M	9.4M	11.7M	15.7M	9.5M	9.1M
Cash And Short Term Investments	111.7M	103.6M	220.5M	136.9M	157.6M	165.4M
Net Receivables	16.2M	13.7M	18.7M	20.5M	17.0M	11.4M
Common Stock Shares Outstanding	27.7M	28.1M	32.1M	31.5M	30.8M	19.3M
Liabilities And Stockholders Equity	1.7B	1.6B	1.6B	1.5B	1.5B	1.5B
Non Current Liabilities Total	1.3B	1.3B	1.2B	1.0B	740.2M	777.2M
Other Current Assets	4.4M	17.8M	18.0M	79.1M	248.9M	261.3M
Other Stockholder Equity	461.6M	470.7M	477.8M	480.1M	476.0M	294.0M
Total Liab	1.5B	1.4B	1.3B	1.2B	914.6M	960.3M
Property Plant And Equipment Gross	1.3B	1.2B	1.5B	1.5B	1.4B	1.4B
Total Current Assets	160.4M	140.7M	263.9M	244.6M	409.4M	429.9M
Intangible Assets	135.2M	106.1M	98.1M	89.6M	53.9M	66.4M
Accounts Payable	30.1M	20.2M	19.1M	25.2M	18.7M	19.6M
Other Assets	10.9M	190.0M	11.7M	27.5M	24.8M	25.0M
Long Term Debt	1.1B	1.1B	1.0B	900.5M	658.5M	439.9M
Short Term Debt	42.4M	82.6M	81.4M	85.0M	32.1M	25.7M
Property Plant Equipment	1.0B	975.8M	904.2M	988.6M	1.1B	1.2B
Other Liab	3.7M	3.8M	3.5M	605K	544.5K	517.3K
Current Deferred Revenue	12.5M	12.4M	12.1M	11.8M	20.9M	21.9M
Inventory	8.2M	5.6M	6.6M	8.1M	8.1M	5.5M
Net Tangible Assets	(29.7M)	(103.2M)	47.1M	105.0M	94.5M	48.2M
Retained Earnings Total Equity	(172.2M)	(309.7M)	(158.6M)	(127.4M)	(114.7M)	(120.4M)
Capital Surpluse	461.6M	470.7M	477.8M	480.1M	552.1M	377.5M
Deferred Long Term Liab	1.1M	1.5M	1.9M	53K	61.0K	57.9K

Pair Trading with Golden Entertainment

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Golden Entertainment position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Golden Entertainment will appreciate offsetting losses from the drop in the long position's value.

Moving against Golden Stock

0.58	PTLO	Portillos	Pair Corr
0.4	QSR	Restaurant Brands	Pair Corr
0.36	PZZA	Papa Johns International	Pair Corr
0.34	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.33	WEN	The Wendys	Pair Corr

The ability to find closely correlated positions to Golden Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golden Entertainment when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Golden Entertainment - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Golden Entertainment to buy it.

The correlation of Golden Entertainment is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Golden Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Entertainment moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Golden Entertainment can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Golden Entertainment offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Golden Entertainment's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Golden Entertainment Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Golden Entertainment Stock:

How To Invest In Golden

Details

Is Golden Stock a good investment?

Details

What is Golden Entertainment's Net Worth?

Details

Largest Hotels, Restaurants & Leisure Companies

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Largest Consumer Services Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Golden Entertainment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

To learn how to invest in Golden Stock, please use our How to Invest in Golden Entertainment guide.

You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

Is Hotels, Restaurants & Leisure space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Golden Entertainment. If investors know Golden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Golden Entertainment listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.98)

Dividend Share

0.75

Earnings Share

1.31

Revenue Per Share

25.663

Quarterly Revenue Growth

(0.37)

The market value of Golden Entertainment is measured differently than its book value, which is the value of Golden that is recorded on the company's balance sheet. Investors also form their own opinion of Golden Entertainment's value that differs from its market value or its book value, called intrinsic value, which is Golden Entertainment's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Golden Entertainment's market value can be influenced by many factors that don't directly affect Golden Entertainment's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Golden Entertainment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Golden Entertainment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Golden Entertainment's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Golden Net Receivables vs Net Working Capital Analysis

Net Receivables vs Net Working Capital

Net Receivables vs Net Working Capital Correlation Analysis

Correlation Coefficient

Net Receivables

Net Working Capital

Golden Entertainment fundamental ratios Correlations

Golden Entertainment Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Golden Entertainment fundamental ratios Accounts

Pair Trading with Golden Entertainment

Moving against Golden Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Property Plant And Equipment Net
Total Liab	+ 1.0	Property Plant And Equipment Net
Non Current Liabilities Total	+ 1.0	Net Debt
Total Liab	+ 1.0	Non Current Assets Total
Total Liab	+ 1.0	Non Current Liabilities Total
Property Plant And Equipment Net	+ 0.99	Total Assets

Common Stock Total Equity	- 0.84	Non Currrent Assets Other
Common Stock	- 0.81	Non Currrent Assets Other
Retained Earnings	- 0.52	Short Long Term Debt Total
Long Term Debt	- 0.47	Retained Earnings
Retained Earnings	- 0.47	Net Debt
Common Stock Total Equity	- 0.46	Net Receivables